About This Restaurant
Investment Highlights
Executive Summary
This Wendy?s Restaurant in Morgan City, LA was significantly renovated in 2023. New 15 year Absolute NNN lease comes with a personal guarantee from the franchisee. This franchisee has been with Wendy's for 29 years and currently owns and operates 9 stores with two more to open in late 2024 and 2025.. Financials on the franchisee and the lease document are available upon the execution of a NDA.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 3,037
- Building Class C
- Year Built/Renovated 2010/2023
- Price 1,750,000
- Price Per SF 576
- Cap Rate 6
- NOI 104,995
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.13
- Land Acres 0.53 AC
Property Taxes
| Parcel Number | 3254341186 | Improvements Assessment | $18,100 |
| Land Assessment | $52,445 | Total Assessment | $70,545 |
| Date Created: | 2024-07-16 04:16:15 | Last Updated: | 2024-07-16 04:16:15 |
| Address: | 7305 Highway 182 E , Morgan City, Louisiana, 70380 | ||